Open enrollment is your opportunity to review your benefits and make sure your coverage still fits your needs. While the process can seem overwhelming, spending a little time comparing your options now can help you avoid surprises later and make the most of the benefits available to you. Whether you’re enrolling for the first time or reviewing your current selections, a thoughtful approach can help you feel more confident in your decisions.
Start with these simple steps
1. Know your deadlines
Mark your enrollment dates on your calendar and set reminders so you have time to review your options and make changes before the deadline.
2. Review the basics
Refresh your understanding of key terms like deductible, copay, coinsurance, and out-of-pocket maximum so you can compare plans more confidently.
3. Understand your enrollment type
Check whether your enrollment is active (you must make your benefit selections each year) or passive (your current selections automatically carry over if you take no action).
4. Consider life changes
Life events such as marriage, welcoming a new child, or changes in your health can affect the type of coverage that makes the most sense for you.
5. Check your network
Confirm that your preferred doctors, hospitals, and other healthcare providers are in-network for the plans you’re considering.
6. Compare plans each year
Even if you’re happy with your current plan, review all of your options during open enrollment. Coverage, costs, and available benefits can change from year to year.
7. Plan for savings
If available, consider contributing to a Health Savings Account (HSA) or Flexible Spending Account (FSA) to pay for eligible healthcare expenses with pre-tax dollars. Be sure to understand your plan’s rollover rules before contributing.
8. Explore extra benefits
Take time to look beyond medical coverage. Your employer may offer wellness programs, discounts, financial resources, or other benefits that can add value throughout the year.
Choosing your benefits is an important decision, but it doesn’t have to be stressful. By reviewing your options, asking questions when you need clarification, and thinking about what will best support you and your family over the coming year, you can make enrollment with greater confidence and peace of mind.
